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Demonetisation: PM Modi reviews measures to improve situation

india Updated: Nov 18, 2016 01:33 IST

Prime Minister Narendra Modi(PTI Photo)

Prime Minister Narendra Modi reviewed the status of the demonetisation exercise on Thursday at a meeting with top officials of the government.

Officials of the Prime Minister’s Office and the finance ministry were present at the meeting, where the availability of cash in banks and ATMs and measures taken to ease difficulties of the people were discussed, a source said.

Earlier in the day, the government announced a number of new measures to ease difficulties of the people, which included relaxing of restrictions on cash withdrawals by farmers and families with upcoming weddings.

Now families preparing for a wedding can withdraw up to Rs 2.50 lakh from bank account giving PAN details and self declaration.

Besides, farmers who have taken crop loan or have kisan credit card can withdraw Rs 25,000 per week. Also those who have got payments through RTGS or cheque deposit in KYC compliant bank account can withdraw an additional Rs 25,000 a week. This takes the total cash withdrawal limit for farmers from KYC complaint bank accounts to Rs 50,000 per week.

The Prime Minister had on November 8 announced scrapping of Rs 500 and 1000 notes.